Jump to content


Photo

Capital Gains tax


  • Please log in to reply
2 replies to this topic

#1 MaggieL

MaggieL

    Newbie

  • Members
  • Pip
  • 26 posts

Posted 27 April 2012 - 10:30 AM

We are thinking of downsizing our home but one consideration will be how much (if any) capital gains tax will be due on the sale of this house.

Appreciate input or advice from anybody who is familiar with this.

Thank you.

#2 mpb

mpb

    Advanced Member

  • Members
  • PipPipPip
  • 447 posts
  • Gender:Male
  • Location:Chapala

Posted 27 April 2012 - 10:50 AM

I sent a PM

#3 Shira

Shira

    Advanced Member

  • Members
  • PipPipPip
  • 4,091 posts
  • Gender:Female

Posted 27 April 2012 - 11:58 AM

You can sell one house in 5 years without capital gains tax. You must be able to show at least 6 months of either electric or phone bills in your name for that amount of time and an FM2
I just had this discussion with a notario so know it to be true.
Ir is easier to love Mexico than to understand it.




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users